Latest Scandinavian Financing News

Swedes launch lending platform in Singapore, target Southeast Asia

Lendela, set up in 2018 in Singapore by founders from Sweden and global fintech group Zentro, forms proof of how Singapore is a preferred hub also for start-ups when it comes to entering the Southeast Asian market. And with the right business model local financing can, it appears, easily be obtained. Lendela is in the…

Singapore FinTech Festival a big draw also for the Nordics

Singapore FinTech Festival 2018 (the biggest such event in the world), which drew close to 45,000 participants from almost 130 countries, included significant participation from the Nordic countries. Both Denmark and Sweden came with delegations (Sweden also with two days in Kuala Lumpur) The flagship Singapore event provides a global platform for the FinTech community…

Inaugural China-Denmark Blockchain Experts’ Dialogue

On behalf of the European Blockchain Centre at IT University of Copenhagen and the Tech Ambassador of Denmark, the Innovation Centre Denmark in Shanghai on 13-16 November arranged the first “China-Denmark Blockchain Experts’ Dialogue” – held in in Shanghai, Hangzhou and Suzhou. Danish companies, start-ups and universities participated, where the purpose of the dialogue-tour was…

EU Chamber China President Mats Harborn met China Banking Commission

On 20th November, European Chamber President Mats Harborn led a small delegation to meet with Wang Zhaoxing, Vice Chairman of the newly formed China Banking and Insurance Regulatory Commission (CBIRC), and presented European Business in China Position Paper 2017/2018 to him. Vice Chairman Wang reiterated China’s commitment to far reaching reform in the banking and…

Head of the largest Nordic bank branch in Asia, Jan Stjernström, is retiring after 40 years in the business

He has worked in over 50 different countries, doing transactions, and his career has spanned 40 years in the banking business. Now, after five years as the head of the largest Nordic Bank branch in Asia, Jan Stjernström retires from SEB Singapore. As a young banker in 1984, Swedish Jan Stjernström travelled to Southeast Asia…

Danske Bank hosted Sino-Nordic Seafood Forum

Danske Bank has hosted the second ‘Danske Bank Sino-Nordic Seafood Forum’ in Qingdao China. 17 companies on three panels and full house of guests consisting of leading seafood industrial players and investors from China and the Nordics gathered to discuss growth prospects, sector outlook and cross border cooperation, reported Danske Bank. Source: Yanling Zheng of…

Swedish Collectius takes of non-performing loans Philippines

Collectius is continuing to purchase portfolios of non-performing consumer loans within Southeast Asia. The company is now spearheading the first secured portfolio in the Philippines when taking over 40 million USD non-performing loan (NPLs) portfolio with cars as collateral. The deal that consist of both auto and personal loans is Collectius’ third bank portfolio of…

Nordic finTech investor event Singapore

During the upcoming Singapore Fintech Festival which draws attendants from worldwide – over 30 000 of them expected in 2018 – the just established Nordic Innovation House Singapore organizes and invites to the Nordic FinTech Investor event. Taking place on 13November, 4pm – 6pm, where invitees will be able to learn more about the Nordic…

Danish PPP investment round table held in Vietnam

A round table discussion on a blended finance model solution for a public private partnership investment within the water sector in Vietnam took place on 9 Ocober under the co-organisation of the Embassy of Denmark in Vietnam, Grundfos, the Investment Fund for Developing Countries (IFU), Vietnam Water Supply and Sewage Association (VWSA) and Asia Society…

EU-funded support programme for SMEs: EU Business Avenues Southeast Asia

The EU-funded EU Business Avenues in South East Asia is tasked to help SMEs from EU countries with business internationalisation. ScandAsia takes an in-depth look and talks to some Nordic companies who participated in one of their missions to Southeast Asia within Information & Communication Technologies. How does it work? Who is it for? And…